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The oil industry hasn't been kind to dividend investors in recent years. Intense oil price volatility has impacted cash flow, forcing many producers to slash their dividends to stay afloat.
The volatility has also convinced the industry to reduce costs and shore up its finances, placing a growing number of oil-fueled dividends on a sustainable footing. The safest oil dividends right now are those paid by ConocoPhillips (NYSE: COP) and EOG Resources (NYSE: EOG).